Braze (BRZE) CEO William Magnuson Withholds 46,421 Shares

What Happened

• William Magnuson, CEO of Braze, withheld/disposed of 46,421 shares on August 17, 2026, at a per-share value of $28.93, for a total value of about $1,342,960. The transaction is reported under code F, indicating shares were withheld to satisfy tax withholding obligations upon vesting/settlement of equity awards (a cashless/withholding disposition rather than an open-market sale).

Key Details

• Transaction date: 2026-08-17
• Price per share: $28.93; Shares withheld/disposed: 46,421; Reported value: $1,342,960
• Transaction code: F — shares withheld to satisfy tax obligations on vested awards
• Filing date / timeliness: Form filed 2026-08-19 for the 8/17 transaction (within the typical 2-business-day Form 4 window)
• Shares owned after transaction: not specified in the provided summary
• Footnotes:
  • F1: Shares withheld to satisfy the reporting person's tax withholding obligations upon vesting/settlement.
  • F2: Of the reported shares, 711,753 are represented by restricted stock units and performance-based restricted stock units.
  • F3: Securities are held by an LLC of which the reporting person is a member; he shares voting and investment control and may be deemed to beneficially own the shares.

Context

• This was a routine tax-withholding disposition tied to vesting/settlement of equity awards (commonly seen when RSUs/PSUs vest). It’s an administrative transaction to cover taxes, not an independent open-market sale or buy that necessarily signals a change in insider sentiment. The filing shows beneficial ownership through an LLC per the footnote.